Word: repayment
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Except for the trudge upstairs (where quarters are cheaper), Chicago-based Household Finance makes the process of borrowing so simple that 2,000,000 Americans a year go into debt to it. Relying chiefly on its quick judgment of an applicant's ability and his willingness to repay, the company makes nearly a half of its loans unse- cured, most of the rest through a legally loose chattel mortgage on borrower's household goods. Its sharp-eyed loan managers turn down 64% of would-be borrowers-but that leaves plenty. Household Finance has doubled its loan business...
...lover -which probably accounts for the fact that people are forever doing favors for Paul ("Golden Boy") Hornung, 29. Paul is properly grateful. In his autobiography, Football and the Single Man (Doubleday; $4.95), the ex-Notre Dame star and veteran Green Bay Packers halfback does his best to repay everybody who, as he puts it, "contributed to making Paul Hornung, like Wyatt Earp, a legend in his own time...
What with the griping about Congressmen's children filling up summer Government jobs that might have gone to needy teenagers, Wisconsin's Senator Bill Proxmire, 49, did the simplest thing, wrote out checks totaling $1,806.80 as an "unconditional gift" to the U.S. Treasury to repay the wages his son and step-daughter made for two summers in their vacation jobs with the Post Office, Navy, and National Park Service. As for the kids, they got to keep their money "because they earned it." Besides, added the Senator ruefully, "if you know teenagers, they don't give...
After 1966, said the institute, Britain will face a choice between 1) economic "quasi-stagnation" and rising unemployment to hold down imports, or 2) a level of imports that will make it hard to repay on time the $2.5 billion it borrowed to defend sterling. There is just one way for Britain to escape those unpleasant alternatives: get rid of its lingering inefficiencies...
...letters, telegrams and telephone calls to U.S. officials pleaded that he be allowed to stay. Baldwin, who had found a home in Kusadasi, enthusiastically concurred. Said he: "They never looked down on me because I was a jailbird. Instead, they have helped me, and I want to repay them by helping them...